Coronavirus State and Local Fiscal Recovery Funds FAQ 071921.pdf

The document provides guidelines and requirements for the Coronavirus State and Local Fiscal Recovery Funds program established under the American Rescue Plan Act of 2021. It outlines the submission of annual reports to Treasury by specific deadlines and details Recovery Plan Performance Reports for certain entities. The program follows the Uniform Guidance for grants, including Cost Principles and Single Audit Act requirements. It explains eligible fund uses, reporting requirements, Assistance Listing, and CFDA number. Asset retention, administrative fund use, interest remittance, application deadlines, consultant costs, eligibility criteria, payment requests, and technical support are also addressed. Revenue loss calculations, revenue definitions, and the time period for estimating revenue loss are covered in the document.